Broker Ed bought by BGC Partners
A BGC Partners subsidiary is to acquire the reinsurance, wholesale and specialty broker for an undisclosed sum.
Ed, a global reinsurance, wholesale and specialty broker, has revealed that a subsidiary of BGC Partners is to purchase Ed Broking Group, subject to regulatory approval.
The deal to buy Ed, which was originally known as Cooper Gay but rebranded in 2016, is for an undisclosed sum.
Under the terms of the agreement, a subsidiary of global brokerage and financial technology company BGC will acquire 100% of Ed.
The transaction includes broking operations under the Ed brand in UK, Singapore, Hong
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